Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 1-Year High – Still a Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $125.89 and last traded at $125.88, with a volume of 16857 shares. The stock had previously closed at $123.56.

Invesco S&P 500 GARP ETF Price Performance

The business’s 50-day moving average price is $121.51 and its 200 day moving average price is $116.69. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

Institutional Trading of Invesco S&P 500 GARP ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares during the period. BNP Paribas Financial Markets boosted its stake in Invesco S&P 500 GARP ETF by 115.6% in the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock valued at $14,771,000 after acquiring an additional 69,709 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 915.2% during the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock valued at $4,364,000 after purchasing an additional 39,392 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $4,174,000. Finally, Jump Financial LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $3,907,000.

About Invesco S&P 500 GARP ETF

(Get Free Report)

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.

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